Within the city of New Orleans, most of the victims of Hurricane Katrina were
A. rich and white.
B. rich and black.
C. poor and white.
D. poor and black.
D. poor and black.
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In the new Keynesian model, a positive, permanent supply shock will result in ________
A) an increase in aggregate demand B) a decrease in aggregate demand C) no change in aggregate demand D) a change in aggregate demand, only if the shock is anticipated
Why is the advent of monopoly likely to shift cost curves?
If a monopolist increases sales from 10 to 11 by lowering its price from $40 to $38, its marginal revenue is:
A. $400. B. $2. C. $418. D. $18.
The most common measure of productivity shocks used by real business cycle theorists is
A) the Solow residual. B) average labor productivity. C) the change in the capital stock. D) unit labor costs.